https://www.miningweekly.com

Fresnillo ops unaffected by Saucito pipeline burst

9th December 2015

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – Silver producer Fresnillo does not expect any material financial impact or loss of production after a pipe carrying nontoxic waste between the plant and tailings dam at the Saucito mine, in Mexico, burst on Sunday.

Fresnillo on Wednesday said the Mexican Environmental Authority had concluded in its initial review that the situation was of limited scale and, as a result, operations had not been suspended.

The LSE- and Mexican Stock Exchange-listed miner said 85% of the affected area had already been remediated and that it expected to conclude all the remediation activities by Friday.

Fresnillo’s LSE-listed stock slid 6p on Tuesday, to 662.50p apiece.

The company, which operated six mines in Mexico, said an investigation into the cause of the incident was under way.

The Saucito mine produced 4.74-million ounces of silver and 19 254 oz of gold in the quarter ended September 30.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.049 0.828s - 111pq - 2rq
Subscribe Now